Pension Insurance Corporation (PIC) has agreed a £590m buy-in to insure all pensioner liabilities in the Wolseley Group Retirement Benefits Plan.
The FTSE 100 scheme, which is sponsored by a subsidiary of heating and plumbing product distributor Ferguson, closed to future accrual in 2013. As of 31 July 2016, it had an accounting deficit of £28m,...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.